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Mr Martin HawesFinancial Adviser
Columnist with the Sunday Star Times
Queenstown
16:30 - 17:25 WS #48: Getting Ready for Your 20 Good Summers
17:35 - 18:30 WS #58: Getting Ready for Your 20 Good Summers
(Repeated)
2Martin Hawes
Twenty Good Summers
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20 40 60 80 100
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Disclosure StatementThe Summer KiwiSaver scheme is managed by Forsyth Barr Investment Management Ltd.
Information about the Summer KiwiSaver scheme is disclosed in the product disclosure statement (PDS) and on the
scheme and offer register entries at www.business.govt.nz/disclose
You can obtain the Scheme’s product disclosure statement and further information about the Scheme at
www.summer.co.nz, from one of our offices, or by calling us on
0800 11 55 66.
Forsyth Barr Investment Management Ltd is a licenced manager of registered schemes and part of the Forsyth Barr
group of companies.
The comments in this presentation are general in nature and are not personalised financial advice. If you wish to receive
financial advice that is specific to your circumstances, please contact your Investment Advisor.
Disclosure statements are available from Martin Hawes and your Forsyth Barr Authorised Financial Adviser on request
and free of charge.
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Martin HawesDisclosure Statement
Martin Hawes is an Authorised Financial Adviser. The views and opinions
expressed in this presentation are not intended to be a personalised
service for an individual retail client. The views and opinions are general in
nature, may not be relevant to an individual's circumstances, and
constitute a class advice only. Nothing contained in this presentation is
endorsed by the Financial Markets Authority. Before making any
investment, insurance or other financial decisions, you should consult a
professional financial adviser.
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Retirement spendingSpending during retirement fluctuates through three phases.
EarlyAged 65-74
MiddleAged 75-84
LateAged 85 plus
Active
Supported
Passive
Retirement income
Source: Commission for Financial Capability
Expenditure
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A never-ending argument
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Buffett’s two rules
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1. Don’t lose money
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2. Remember rule #1
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Investor type
• Defensive
• Conservative
• Balanced
• Growth
• Aggressive
Your investor type determines your asset allocation
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Conservative
20%
50%
20%
10%
Cash
Fixed Interest
Equities
Property
70
30
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Balanced
10%
40%35%
15%Cash
Fixed Interest
Equities
Property
50
50
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Aggressive
5%15%
65%
15%Cash
Fixed Interest
Equities
Property
20
80
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Kamikaze
100%
100
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KiwiSaver at a glance
• Employee and employer contributions
• Member tax credit
• Flexibility
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KiwiSaver myths• It’s hard to transfer
• It’s not guaranteed by the Government
• When I retire, I have to withdraw my money
• I need my KiwiSaver with my bank to transfer money into it
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Socially responsible investmentResponsible investment is taken into account by the Scheme.
Summer has a responsible investment policy, based on the NZ Super
Fund’s framework, that considers whether the relevant entity is directly
engaged in any of the following activities:
• manufacture of cluster munitions
• manufacture or testing of nuclear explosive devices
• manufacture of anti-personnel mines
• manufacture of tobacco
• processing of whale meat
If our assessment is that the entity is engaged in any of those activities,
then we don’t make the investment; either directly or into an underlying
managed investment scheme managed by us.
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Summer – My PlanYou can create your own portfolio of investments by choosing any combination of our funds.
You can choose to invest in any combination of the following eight funds:
• New Zealand Cash
• New Zealand Fixed Interest
• Global Fixed Interest
• New Zealand Equities
• Australian Equities
• Listed Property
• Global Equities
• Summer Investment Selection
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Asset allocations
Pre President Trump
New Zealand Shares 15%
Australian Shares 5%
International Shares 25%
Property 15%
Bonds 35%
Cash 5%
Post President Trump
New Zealand Shares 15%
Australian Shares 5%
International Shares 35%
Property 15%
Bonds 20%
Cash 10%
37
‘I don’t have time’ is the grown-up
equivalent of ‘the dog ate my
homework’
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Eat Your Frogs!
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www.summer.co.nz
40
Thank you
41Martin Hawes
Twenty Good Summers
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First Home withdrawal• Minimum three years KiwiSaver membership
• Withdraw personal, MTC and employer contributions, plus investment returns*
• $1,000 plus any transferred Australian superannuation must be left in the account
• Must be a first home buyer or in a similar financial position to a first home buyer
* Can only withdraw once. Please refer to the KiwiSaver Act, Housing New Zealand website and the withdrawal form for further information around criteria and how to proceed with an application.
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HomeStart grantHouse price caps* for grants and Welcome Home Loans
Area Amount
Auckland $600,000
Hamilton, Tauranga, Western Bay of Plenty, Kapiti Coast, Upper Hutt, Hutt City, Porirua, Wellington, Tasman, Nelson, Waimakariri, Christchurch, Selwyn District, Queenstown
$500,000
All other areas $400,000
HomeStart - First Home Deposit Subsidy
KiwiSaver contributions Single Couple
3 years $3,000 $6,000
4 years $4,000 $8,000
5 years $5,000 $10,000
KiwiSaver contributions Single Couple
3 years $6,000 $12,000
4 years $8,000 $16,000
5 years $10,000 $20,000
HomeStart (new home)HomeStart (existing home)
* Effective August 1st 2016, the Government increased the regional house price caps for the HomeStart grant.
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Summer online
Dashboard (cont.)
My Plan:
• View your current
market value and
elected %
www.summer.co.nz
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Dashboard
• View your balance
• Set a retirement goal
using our retirement
calculator
• View a graph of your
balance and
contributions
Summer onlinewww.summer.co.nz